Douglas Dynamics (NYSE:PLOW) Shares Gap Up on Earnings Beat

Douglas Dynamics, Inc. (NYSE:PLOW) shares gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $24.39, but opened at $25.90. Douglas Dynamics shares last traded at $26.42, with a volume of 29,855 shares traded.

The auto parts company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.25. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The company had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. During the same period in the previous year, the firm posted ($0.29) earnings per share. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 annualized dividend and a yield of 4.48%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 50.43%.

Wall Street Analyst Weigh In

PLOW has been the topic of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and set a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th. StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

Institutional Trading of Douglas Dynamics

A number of large investors have recently added to or reduced their stakes in PLOW. Barclays PLC raised its holdings in shares of Douglas Dynamics by 132.0% in the 3rd quarter. Barclays PLC now owns 54,116 shares of the auto parts company’s stock worth $1,494,000 after purchasing an additional 30,795 shares during the period. Kings Path Partners LLC purchased a new stake in Douglas Dynamics in the 4th quarter worth about $419,000. Harbor Capital Advisors Inc. increased its holdings in Douglas Dynamics by 0.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company’s stock worth $8,412,000 after acquiring an additional 2,445 shares during the last quarter. BluePath Capital Management LLC lifted its holdings in Douglas Dynamics by 32.0% during the fourth quarter. BluePath Capital Management LLC now owns 28,916 shares of the auto parts company’s stock valued at $684,000 after purchasing an additional 7,003 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Douglas Dynamics by 55.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,258 shares of the auto parts company’s stock worth $290,000 after purchasing an additional 4,375 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

The firm’s 50 day moving average price is $23.97 and its two-hundred day moving average price is $24.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The stock has a market cap of $608.01 million, a PE ratio of 11.43, a P/E/G ratio of 1.14 and a beta of 1.25.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.